{"id":13606,"date":"2024-01-29T22:16:44","date_gmt":"2024-01-29T22:16:44","guid":{"rendered":"https:\/\/www.hiringlab.org\/uk\/?p=13606"},"modified":"2024-04-02T18:48:29","modified_gmt":"2024-04-02T17:48:29","slug":"january-2024-uk-labour-market-update","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/","title":{"rendered":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised"},"content":{"rendered":"\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.<\/li>\n\n\n\n<li>Wage growth has peaked, but is still high. Its persistence remains key to the timing of any potential future interest rate cuts by the Bank of England.<\/li>\n\n\n\n<li>Despite return-to-office calls, location flexibility remains a focus for both employers and jobseekers.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>The UK labour market continued to soften in recent months and begins 2024 with hiring demand broadly back to immediate pre-pandemic levels. But the labour market remains somewhat tight, and though most sectors have seen substantial cooling, that doesn\u2019t necessarily mean hiring is easy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Spotlight: Hybrid job postings <strong>share has rebounded<\/strong><\/h2>\n\n\n\n<p>There was much focus on <a href=\"https:\/\/finance.yahoo.com\/news\/britain-return-office-push-pays-112217527.html\" target=\"_blank\" rel=\"noreferrer noopener\">return-to-office<\/a> in 2023, but the share of UK job postings on Indeed mentioning remote or hybrid flexibility held up. As of the end of December, 15.8% of UK job postings on Indeed mentioned the potential for remote or hybrid work, largely in line with the May 2023 peak of 16.3%. Though the labour market has softened (and categories that typically feature a large share of remote-eligible jobs, including tech, have slowed sharply), employers remain conscious of jobseekers\u2019 preferences for location flexibility in a still-somewhat-tight market for talent. The share of searches containing remote or hybrid terms was 2.7% at year-end, near its all-time high of 3.0% and up tenfold from pre-pandemic levels.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"873\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4.png\" alt=\"Line chart titled \u201cHybrid postings share remains high\u201d shows the share of remote\/hybrid postings between 2020 and 2023. On 31 December 2023, the remote\/hybrid postings share was 15.8%.\u00a0\u00a0\" class=\"wp-image-13608\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4.png 1600w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4-300x164.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4-1024x559.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4-768x419.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171133\/image-4-1536x838.png 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\"><em>Line chart titled \u201cHybrid postings share remains high\u201d shows the share of remote\/hybrid postings between 2020 and 2023. On 31 December 2023, the remote\/hybrid postings share was 15.8%.\u00a0\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Labour Market Overview<\/h2>\n\n\n\n<p>The gradual cooldown of the UK labour market continued into January. As of early December, vacancies as measured by the ONS were down 38% from their April 2022 peak but were still 6% above their level on the eve of the pandemic. The Indeed Job Postings Index, which includes more recent data through late January, is now slightly below pre-pandemic levels \u2014 as of 26 January, total UK job postings on Indeed were 4% below their 1 February, 2020 level.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"968\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5.png\" alt=\"Chart titled \u201cJob vacancies have softened\u201d shows the trend in ONS vacancies and Indeed job postings from February 2020 to January 2024. ONS vacancies are still modestly above pre-pandemic levels, while Indeed job postings are slightly below the baseline.\u00a0\" class=\"wp-image-13609\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5.png 1600w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5-300x182.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5-1024x620.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5-768x465.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-5-1536x929.png 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\"><em>Chart titled \u201cJob vacancies have softened\u201d shows the trend in ONS vacancies and Indeed job postings from February 2020 to January 2024. ONS vacancies are still modestly above pre-pandemic levels, while Indeed job postings are slightly below the baseline.\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<p>Job postings have fallen in most occupations over the past year, but some categories are holding up better than others. Postings for social science jobs are more than double their pre-pandemic baseline. By contrast, tech categories are among the weakest performers, with job postings for software developers down 46% from the baseline.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"970\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8.png\" alt=\"Table titled \u201cPostings still strong in some categories but weak in others\u201d, shows the strongest and weakest performing occupations for job postings changes versus their pre-pandemic level. Social science is the strongest performer, while software development is the weakest.\u00a0\" class=\"wp-image-13612\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8.png 1600w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8-300x182.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8-1024x621.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8-768x466.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-8-1536x931.png 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\"><em>Table titled \u201cPostings still strong in some categories but weak in others\u201d, shows the strongest and weakest performing occupations for job postings changes versus their pre-pandemic level. Social science is the strongest performer, while software development is the weakest.\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<p>Wage growth has peaked, with the latest ONS figures showing regular pay growth easing from 7.2% year-on-year to 6.6% in the three months to November (and down from a peak of 7.9% in the period to August). In real terms, pay continues to rise as the annual pace of inflation remains below the pace of wage growth. Adjusted for inflation, regular pay was up 1.4% year-on-year in the latest period, the strongest growth in more than two years.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1093\" height=\"582\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-6.png\" alt=\"Line chart titled \u201cWage growth eases but still high\u201d shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth rose by 6.6% y\/y in the latest period, while real wage growth increased to 1.4% y\/y.\u00a0\u00a0\" class=\"wp-image-13610\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-6.png 1093w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-6-300x160.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-6-1024x545.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171132\/image-6-768x409.png 768w\" sizes=\"auto, (max-width: 1093px) 100vw, 1093px\" \/><figcaption class=\"wp-element-caption\"><em>Line chart titled \u201cWage growth eases but still high\u201d shows the year-on-year growth in regular nominal pay and real regular pay (adjusted for CPIH inflation). Nominal pay growth rose by 6.6% y\/y in the latest period, while real wage growth increased to 1.4% y\/y.\u00a0\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<p>Data from the <a href=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/17\/global-wage-growth-slowing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indeed Wage Tracker<\/a> paints a similar picture: UK wage growth has peaked, but remains high at 6.6% year-on-year (<a href=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/17\/global-wage-growth-slowing\/\" target=\"_blank\" rel=\"noreferrer noopener\">stronger than in the euro area and US<\/a>). Sectors with the highest rates of posted annual wage growth in December, according to the Indeed Wage Tracker, were childcare (10.1%), cleaning &amp; sanitation (8.6%), and retail (8.1%). The lowest year-on-year wage growth as measured by the Indeed Wage Tracker was in software development (1.6%), where postings declined substantially last year. Wage growth is running below the current 4% rate of inflation in around one-in-ten job categories.\u00a0<\/p>\n\n\n\n<p>The ONS was once again unable to publish the full suite of labour market data in its January release, pending methodological work to address issues with the Labour Force Survey. \u2018Experimental\u2019 <a href=\"https:\/\/www.ons.gov.uk\/employmentandlabourmarket\/peopleinwork\/employmentandemployeetypes\/bulletins\/uklabourmarket\/january2024\" target=\"_blank\" rel=\"noreferrer noopener\">estimates<\/a> suggested the headline unemployment rate was unchanged at a still-low 4.2% (up from a low of 3.5% in mid-2022), while the employment rate ticked up slightly and inactivity dipped.\u00a0<\/p>\n\n\n\n<p>Meanwhile, notifications of potential redundancies have remained modest in recent months despite some layoff announcements in sectors including tech, professional services and construction.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"841\" src=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7.png\" alt=\"Bar chart titled \u201cUK redundancy notifications remain limited\u201d shows the monthly total number of potential redundancies notified to the UK government from January 2020 to December 2023. Redundancy notifications have remained modest in recent months.\u00a0\" class=\"wp-image-13611\" srcset=\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7.png 1600w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7-300x158.png 300w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7-1024x538.png 1024w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7-768x404.png 768w, https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171131\/image-7-1536x807.png 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\"><em>Bar chart titled \u201cUK redundancy notifications remain limited\u201d shows the monthly total number of potential redundancies notified to the UK government from January 2020 to December 2023. Redundancy notifications have remained modest in recent months.\u00a0<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>With the post-pandemic hiring boom firmly in the rearview mirror and vacancies having largely normalised, the question in 2024 is whether the job market stabilises or retreats further. Though labour demand has softened substantially, wage growth is still running strong. The ongoing pace of wage growth \u2014 high enough to give workers a meaningful boost in purchasing power, but not so strong as to potentially re-ignite cooling inflation \u2014 is a key determinant in the timing and scale of any potential easing of monetary policy later in the year. From an employer\u2019s perspective, hiring challenges have eased but haven\u2019t completely disappeared. With unemployment still fairly low and nominal wage growth still fairly high, it remains a somewhat tight labour market. Remaining competitive on pay, benefits and flexibility continues to be important to attracting and retaining talent.&nbsp;<\/p>\n\n\n\n<p><strong>Hiring Lab Data<\/strong><\/p>\n\n\n\n<p>Job postings data is available on our <a href=\"https:\/\/www.hiringlab.org\/data\/\" target=\"_blank\" rel=\"noreferrer noopener\">Data Portal<\/a>. We also host the <a href=\"https:\/\/github.com\/hiring-lab\/data\" target=\"_blank\" rel=\"noreferrer noopener\">underlying job-postings chart data on Github<\/a> as downloadable CSV files. Typically, it will be updated with the latest data one day after this blog post was published.\u00a0<\/p>\n\n\n\n<p><strong>Methodology<\/strong><\/p>\n\n\n\n<p><em>The Indeed Job Postings Index is a daily measure of labour market activity that is updated and will continue to be released weekly, superseding the Job Postings Tracker. The primary difference between the Indeed Job Postings Index and the legacy Job Postings Tracker is the level. The Indeed Job Postings Index is set to 100 on February 1, 2020, and this effectively provides a uniform level shift of 100 to the existing Job Postings Tracker across all time points.<\/em><\/p>\n\n\n\n<p><em>To calculate the average rate of wage growth, we follow an approach similar to the Atlanta Fed <\/em><a href=\"https:\/\/www.atlantafed.org\/chcs\/wage-growth-tracker\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>US Wage Growth Tracker<\/em><\/strong><\/a><em>, but we track jobs, not individuals. We begin by calculating the median posted wage for each country, month, job title, region and salary type (hourly, monthly or annual). Within each country, we then calculate year-on-year wage growth for each job title-region-salary type combination, generating a monthly distribution. Our monthly measure of wage growth for the country is the median of that distribution.\u00a0<\/em><\/p>\n\n\n\n<p><em>The number of job postings on Indeed.com, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit\u2019s HR Technology segment.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Job postings have declined further from peaks and are now below pre-pandemic levels.<\/p>\n","protected":false},"author":103,"featured_media":13607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[253],"post_mwm_category":[349],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[305],"class_list":["post-13606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-multimedia","post_mwm_category-state-of-the-labour-market","post_mwm_author-jackkennedy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland<\/title>\n<meta name=\"description\" content=\"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"og:description\" content=\"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab UK I Ireland\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T22:16:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T17:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/uk\/wp-content\/uploads\/sites\/3\/2024\/01\/GettyImages-555798993-7-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jack Kennedy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\"},\"author\":{\"name\":\"ltheissen\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353\"},\"headline\":\"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised\",\"datePublished\":\"2024-01-29T22:16:44+00:00\",\"dateModified\":\"2024-04-02T17:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\"},\"wordCount\":1216,\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg\",\"keywords\":[\"Multimedia\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\",\"url\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\",\"name\":\"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg\",\"datePublished\":\"2024-01-29T22:16:44+00:00\",\"dateModified\":\"2024-04-02T17:48:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353\"},\"description\":\"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage\",\"url\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg\",\"contentUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Person reading paperwork at home office desk\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.hiringlab.org\/uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#website\",\"url\":\"https:\/\/www.hiringlab.org\/uk\/\",\"name\":\"Indeed Hiring Lab UK I Ireland\",\"description\":\"Indeed Hiring Lab UK I Ireland\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.hiringlab.org\/uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353\",\"name\":\"ltheissen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g\",\"caption\":\"ltheissen\"},\"url\":\"https:\/\/www.hiringlab.org\/uk\/blog\/author\/ltheissen\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland","description":"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/","og_locale":"en_US","og_type":"article","og_title":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland","og_description":"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.","og_url":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/","og_site_name":"Indeed Hiring Lab UK I Ireland","article_published_time":"2024-01-29T22:16:44+00:00","article_modified_time":"2024-04-02T17:48:29+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.hiringlab.org\/uk\/wp-content\/uploads\/sites\/3\/2024\/01\/GettyImages-555798993-7-scaled.jpg","type":"image\/jpeg"}],"author":"Jack Kennedy","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#article","isPartOf":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/"},"author":{"name":"ltheissen","@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353"},"headline":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised","datePublished":"2024-01-29T22:16:44+00:00","dateModified":"2024-04-02T17:48:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/"},"wordCount":1216,"image":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage"},"thumbnailUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg","keywords":["Multimedia"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/","url":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/","name":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised - Indeed Hiring Lab UK I Ireland","isPartOf":{"@id":"https:\/\/www.hiringlab.org\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage"},"image":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage"},"thumbnailUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg","datePublished":"2024-01-29T22:16:44+00:00","dateModified":"2024-04-02T17:48:29+00:00","author":{"@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353"},"description":"Hiring demand has largely normalised, with job postings having fallen slightly below pre-pandemic levels.","breadcrumb":{"@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#primaryimage","url":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg","contentUrl":"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/3\/2024\/01\/02171134\/GettyImages-555798993-7-scaled.jpg","width":2560,"height":1707,"caption":"Person reading paperwork at home office desk"},{"@type":"BreadcrumbList","@id":"https:\/\/www.hiringlab.org\/uk\/blog\/2024\/01\/29\/january-2024-uk-labour-market-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.hiringlab.org\/uk\/"},{"@type":"ListItem","position":2,"name":"January 2024 UK Labour Market Update: Labour Demand Has Largely Normalised"}]},{"@type":"WebSite","@id":"https:\/\/www.hiringlab.org\/uk\/#website","url":"https:\/\/www.hiringlab.org\/uk\/","name":"Indeed Hiring Lab UK I Ireland","description":"Indeed Hiring Lab UK I Ireland","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hiringlab.org\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.hiringlab.org\/uk\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353","name":"ltheissen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6367a954a4c7eb916945e225eca8caf2ceb055d42150b6a655ede10de2750ac2?s=96&d=mm&r=g","caption":"ltheissen"},"url":"https:\/\/www.hiringlab.org\/uk\/blog\/author\/ltheissen\/"}]}},"_links":{"self":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts\/13606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/comments?post=13606"}],"version-history":[{"count":0,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/posts\/13606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/media\/13607"}],"wp:attachment":[{"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/media?parent=13606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/categories?post=13606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/tags?post=13606"},{"taxonomy":"post_mwm_category","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_mwm_category?post=13606"},{"taxonomy":"post_topic","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_topic?post=13606"},{"taxonomy":"post_content_type","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_content_type?post=13606"},{"taxonomy":"post_duration","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_duration?post=13606"},{"taxonomy":"post_actions","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_actions?post=13606"},{"taxonomy":"post_franchise","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_franchise?post=13606"},{"taxonomy":"post_mwm_author","embeddable":true,"href":"https:\/\/www.hiringlab.org\/uk\/wp-json\/wp\/v2\/post_mwm_author?post=13606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}